Iren
Bitcoin Miner IREN Posts Record First-Quarter Earnings, Looks to Growth in AI
The company is targeting $3.4 billion in AI Cloud ARR by end of 2026 with expansion to 140,000 GPUs and strengthened financing position.
Wall Street's Biggest IREN Bull Hiked Price Target to $142 After $9.7B Microsoft AI Deal
The bitcoin miner turned AI infrastructure play received three price target raises following yesterday's news, including from Bernstein, which lifted to $125.
IREN Soars 30% After Inking $9.7B AI Cloud Deal With Tech Giant Microsoft
The deal is indicative of how miners’ once-volatile hardware fleets are increasingly viewed as strategic compute assets, bridging the gap between blockchain and AI.
Debt-Fueled AI Pivot Puts Bitcoin Miners to the Test
Record debt and convertible note issuances signal a strategic shift as miners chase growth beyond bitcoin, but execution risk and revenue generation now take center stage.
IREN and WULF Shares Jump as Companies Launch Billion Dollar Debt Deals
Both companies unveil major note offerings to strengthen balance sheets and accelerate growth in data center and computing infrastructure
Bitcoin Miner IREN's AI Pivot Earns $100 Price Target at Cantor Fitzgerald
"While shares have done well over the expectation that IREN will entirely focus on its GPU cloud, we continue to believe there is more room to run," said analyst Brett Knoblauch.
Bitcoin Miners Emerge as Key AI Infrastructure Partners Amid Power Crunch: Bernstein
Miners’ secured grid capacity and high-density sites offer hyperscalers a faster, cheaper path to expand AI data centers as interconnection delays mount.
Bitcoin Miners Rally in Pre-Market as Sector Nears $90B Market Cap
AI and high-performance computing demand fuel fresh gains, with miners eyeing a potential $100 billion market cap by year-end
IREN Declines 6% on $875M Convertible Note Offering
The hot-handed bitcoin miner turned high-performance computing play could raise as much as $1 billion in the note sale.
Bitcoin Miners Posted Record Profits in 2Q as HPC Push Accelerated, JPMorgan Says
Rising bitcoin prices, improved efficiency, and heavy investment in high-performance computing fueled a strong second quarter for miners, the bank said.
